BMM · Blue Moon Metals Inc.

Blue Moon Metals Inc. successfully closed its previously announced bought deal offerings, raising aggregate gross proceeds of C$156.25 million through the issuance of 15,625,000 common shares at C$10.00 each. The public offering contributed C$106.25 million from 10,625,000 prospectus shares, which included the partial exercise of the underwriters' over-allotment option for an additional 625,000 shares. The concurrent private placement added C$50 million from 5,000,000 shares. Underwriters, jointly led by Scotiabank, ATB Cormack Capital Markets, and Canaccord Genuity Corp., along with Haywood Securities Inc., Titan Partners Group LLC, Maxim Group LLC, and Red Cloud Securities Inc., received a C$7,756,250 cash commission. The public offering was conducted under a prospectus supplement to the company's base shelf prospectus in Canada (excluding Québec) and the U.S., while the private placement relied on exemptions from prospectus requirements in Canada, the U.S. Securities Act, and other jurisdictions. Private placement shares carry a statutory four-month hold period in Canada and are restricted securities in the U.S. The net proceeds will directly support key project advancements, including construction capital for the Nussir copper-gold-silver and Blue Moon zinc-gold-silver-copper projects in Norway and the U.S., respectively, development capital for the Springer tungsten-molybdenum and Apex gallium-germanium-copper-silver projects in the U.S., and additional exploration across these assets. Additional funds will bolster working capital, U.S. growth initiatives, and general corporate activities. This capital infusion strengthens the company's balance sheet to advance its portfolio of five brownfield polymetallic projects, all benefiting from existing infrastructure and featuring critical minerals like zinc, copper, tungsten, gallium, and germanium. The offerings remain pending final approval from the TSX Venture Exchange, with no new insiders or control persons resulting from the transactions.